Questions? We have answers.
Are there any guarantees?
We can’t guarantee specific loan terms as those are set by the lenders we work with and depend of each individual borrower and the financials of the deal. It is also not practical to give blanket guarantees of time to funding, since this mainly depends on how diligent the borrower is in providing necessary documents and information. That being said, we offer discounted broker fees for first time borrowers to gain your trust, as we belive in building long-term partnerships with our borrowers.
Do I need a business entity?
Yes, the property and the loan have to be in the name of a business entity such as an LLC, S/C-Corp, etc. Provate lenders usually don’t lend to private individuals. The entity has to be US-based, the individuals controlling it don’t need to be.
Is there a broker fee and how much is it?
How long does it take to get approved?
What are the criteria to qualify for a private loan?
Do credit scores and tax returns matter?
What documents are needed for the loan application?
Do I need insurance?
Yes, you need title insurance for the lender as well and flood and fire insurance.